Six converted Apartments in picturesque Development with a three storey extension to the rear
sold on 125 year leases from 1st January 2018
at a combined (rising) ground rent of £1,200 per annum
The ground rents are reviewed upward only every ten years to
RPI or the National House Price Index, whichever is the greater
with Time Not of the Essence thus late reviews back dated to the Review Date.
The Landlord Insures, Manages and recovers all costs by way of Service Charge.
Sum Insured: £395,000. Premium: £521.90. Renewal: 9th January 2019
The Landlord owns everything above the ceilings, below the floors and the building envelope
and can Develop as they see fit.
Lessees cannot alter their premises without the written consent of the Landlord.
Section V Notices have not yet been served
Copy documents held electronically: Executed Lease; Insurance Summary of Cover.
Original Developer Selling
Guide Price: £30,000